Pony Ma Tops China’s Rich List Amid Economic Challenges
Pony Ma, co-founder of Tencent, has reclaimed his position as China’s richest person, with a net worth of $44 billion, surpassing bottled water magnate Zhong Shanshan. This change comes as Hong Kong-listed shares face pressure amid growing concerns about the country’s economic stability.
Ma's wealth surge is largely attributed to a revival in the gaming sector, bolstered by hit titles like DnF Mobile and Black Myth: Wukong. Unlike many of his counterparts, Ma has maintained a low profile, navigating the aftermath of a significant regulatory crackdown on China's tech industry.
Despite this resurgence, Ma's fortune remains approximately 40% below its peak in January 2021. His rise reflects a broader trend, as the Chinese government signals a willingness to support private enterprises to revitalize the economy. Since founding Tencent in 1998 with 500,000 yuan, Ma has transformed it into the world's largest games publisher, acquiring stakes in prominent global companies along the way.
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